Innovation Matters
This issue of our newspaper tackles pressing issues such as …
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In The News
MBA Forecast: Commercial/Multifamily Borrowing And Lending To Increase 26 Percent To $539 Billion In 2024
Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion in 2024, which is a 26 percent increase from 2023’s total of $429 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association (MBA).
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A&D Mortgage Completes Fourth Non-QM Securitization Of 2024
A&D Mortgage has successfully executed its fourth non-QM securitization of the year, valued at US$331.5 million. The centerpiece of this transaction is a US$209.6 million two-year senior note, which secured a Triple A rating and was priced at 145 basis points over Treasuries.
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Mortgage Applications Increased 0.5 Percent From One Week Earlier
Mortgage applications increased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 23, 2024.
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Mortgage Application Payments Decreased 1.3 Percent To $2,140 In July
Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,140 from $2,167 in June. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
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Calque Launches Contingency Buster, A Faster, More Affordable Buy-Before-You-Sell Program
Calque, a fintech company specializing in innovative solutions for established lenders, has launched its newest ‘buy before you sell’ program, the Contingency Buster. The Contingency Buster is designed for homeowners who want to quickly remove home sale contingencies and debt-to-income constraints at any point in the home-buying process.
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US CoreLogic S&P Case-Shiller Index Continues Slowing, Up 5.4% Annually In June
High mortgage interest rates continue to challenge the housing market, and homebuyers’ budgets are increasingly stretched when buying a home. Overall, there is more caution in the housing market as housing indicators continue to revert to pre-pandemic trends and buyers evaluate their options.
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Cornerstone Capital Bank Appoints Paul Woo As Chief Financial Officer
Cornerstone Capital Bank, a national provider of mortgage origination and servicing solutions and a growing, full-service consumer, commercial and institutional bank, has appointed Paul Woo as chief financial officer. Woo will oversee a highly skilled financial team, strategic planning, and capital management for one of the fastest-growing banks in the nation.
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MISMO Introduces New Platform For Building Standards At Fall Summit
MISMO, the real estate finance industry’s standards organization, has partnered with Viant Eye to introduce MISMO Link TM, a new platform that will allow users to build and ultimately implement industry standards in a collaborative environment.
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Veros Launches iVALUATION, The Ultimate Interactive Valuation Tool
Veros Real Estate Solutions (Veros®), a provider of innovative real estate valuation and analytics services, proudly introduces iVALUATION – a state-of-the-art platform that provides housing finance professionals with the quick insights they need to be confident in the accuracy of a property valuation. With its powerful combination of an advanced automated valuation model and comprehensive nationwide property data, iVALUATION is positioned to transform the way the industry assesses property value.
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